The Oil and Gas Industry in Austin has become an essentialpart of the city's culture. Many of the city's residents are employed in this industry. Others are students pursuing a degree in the field. The Oil and Gas industry is a diverse field. There are a variety of companies involved in the industry, such as Jones Energy Limited, Sandridge Energy, Covenant Management Systems, LP, and Ukpeagvik Inupiat Corporation.
Texas American Resources Company
Texas American Resources is a privately held oil and gas explorationcompany headquartered in Austin, Texas. The company specializes in oil and gas properties and provides a variety of services, including capital budgeting, oil and gas extraction and the exploitation of natural oil and gas resources.
The company has a long history of successful oil and gasoperations. The company's multidisciplinary team uses a subsurface driven approach to maximize hydrocarbon recovery. The company has a portfolio of proven properties in the oil-rich Eagle Ford area of South Texas. The company is also pursuing a number of strategic acquisitions in order to expand its oil-focused assets.
Jones Energy Limited
Jones Energy Limited, LLC is an oil and gas explorationcompany that is active in the Texas Panhandle and Southern Oklahoma. The company was founded in 1988 in Austin, Texas and currently has offices in Coalgate, Oklahoma and Canadian County, Oklahoma.
The company has made it a priority to become a premierexploration and production company in the US mid-Continent. Its current focus is on horizontal drilling to find oil.
The company also announced a new CEO, Carl F. Giesler Jr.,who possesses the necessary skills and experience to lead the company through the transition from a high cost to a low cost company. The company is also looking to maximize free cash flow and preserve its strong balance sheet. The company also plans to continue to right size its G&A cost structure.
Sandridge Energy
Sandridge Energy is a company involved in oil and gas in Austin, Texas. They own 170,000acres in the Anadarko Basin. They produce crude oil and natural gas. They also own a gas gathering and processing facility. They formed a Delaware statutory trust that owns their royalty interests. This Trust owns processing and oil recovery facilities, gas gathering, and CO2 treatment facilities.
The company has recently gone through an executive overhaul.Former CEO Paul McKinney has been replaced by Salah Gamoudi. John Suter is currently the interim CEO. The company has announced additional staffing cuts in February. They are also evaluating potential strategic combinations. They plan to cut costs and reduce debt.
Covenant Management Systems, LP
In the health care business, there are many health planadministration services to choose from. Covenant Management Systems LP is one such slick operation. Whether you are a health care provider looking to enhance your revenue cycle, improve patient satisfaction, or are simply in the market for a new practice manager, this firm has you covered. Their services include claims payment, medical group administration, and primary care medical home administration. It is no wonder they are a top choice in Austin.
The biggest draw to Covenant Management Systems is theircommitment to their employees. The company has an average tenure of 5.6 years and has the enviable honor of being named the best place to work in Austin in a recent survey.
Rig Net
Rig Net is a global provider of managed remote communicationssolutions for the oil and gas industry. The company provides secure, managed and customized communications solutions to help companies manage risk, improve productivity and optimize business operations. The company offers solutions for voice, video, broadband data, and cybersecurity, among others.
Rig Net’s products include a global network of distributedassets and sites, real-time data management, and cyber security. The company also provides broadband-optimized OTT applications, video conferencing, and wireless intercoms. Its Intelie Live analytics platform enables actionable intelligence from its customers' remote operations. Rig Net has made several
acquisitions over the years. It recently added two companies in the oil and gas industry. The company says these investmentswill enhance value across its businesses.
Ukpeagvik Inupiat Corporation
If you haven't heard of it before, Ukpeagvik InupiatCorporation (UIC) may be the most interesting company in the oil and gas industry. Not only does it have the honor of being the smallest (and only) company to hold on to a monopoly for over a century, it also happens to be the first and only Alaskan Native company to hold on to such a monopoly for a longer period of time. Its 212,000 acres of land in Alaska's North Slope
Borough is a major asset that has to be monitored and defended. The UIC is a multi-faceted entity that manages to provide not only real estate and petrochemical services to its clients, but it also makes headlines for its philanthropic efforts and environmental stewardship.